SB 1172: Bradley-Burns Uniform Local Sales and Use Tax Law: tax sharing agreements.

<p>The bill prohibits local agencies from paying more than the lesser of 5% of total tax revenues or $250,000 in compensation to consultants for specific tax sharing agreements under the Bradley-Burns Uniform Local Sales and Use Tax Law. It defines a tax sharing agreement as one that involves payment, transfer, diversion, or rebate of sales and use tax revenue to any person. The bill excludes payments to agency staff members directly employed by the jurisdiction and technical consultants providing noncompensated advisory services from this restriction. These provisions apply only to agreements entered into on or after January 1, 2027.</p>